Following in the footsteps of the rich and famous traders like Bill Lipschutz, George Soros and Richard Dennis is one of the hardest thing to do because the is a lot of risk involved in the financial market. Therefore It’s important to use every resource available and these books are a good place to start.
There are so many trading books that it can be hard to decide which ones to buy and read. I’ve read a lot of financial books over the years and while many offer the same information, there are others which I enjoyed and learned a lot from them.
In this article I want to share with you my top 5 trading books that I believe will make you a better trader. Please note that this is not a definitive list of the best trading books in the world. It has more to do with ones I’ve read over the years and sort of helped me in my trading career. You can also share your favourite trading books in the comment section.
I wanted to include free links where you can download some of these books on this article but for obvious reasons I can’t or I’ll get sued. So, what you can do is go to Google and search for these books and I can assure you that you will find most of these books for free.
5 trading books that will make you a better trader
#5. Trading in the zone
Author: mark Douglas
I had to put this book on number 5 simple because I don’t like fundamental trading and this book focuses on fundamentals therefore I will not say that it had such a fundamental impact to me but I cannot deny the fact that this book did helped me figure out certain things about fundamentals.
If you are Interested in trading the forex news or you just curious to know how fundamental data affect the financial markets, then this book is a must for you.
Among the things you will learn from this book are the important news release to pay attention to and why, it also includes a few technical trading strategies to trade the forex market.
#4. The complete TurtleTrader: How 23 novice invertors became overnight millionaires
This is a true story of how a group of random people were selected for a special trading program by Richard Dennis.
Richard Dennis made a fortune on Wall Street by investing in the financial markets. He believed that trading was a skill that could be taught to anyone but his friend disagreed so he made a bet with his friend and ran a classified ad in the Wall Street Journal looking for traders to train. These traders had a 2 week trading course and are left on their own afterwards.
The result? They made millions. Dennis also made a hundred million dollars from his traders And this book reveals the story behind it, what they did, and how they did it. If you want to know the trading strategy these traders used. You want to read this book.
#3. The disciplined trader
Author: Mark Douglas
The Disciplined Trader is another popular book written by Mark Douglas in 1990, addresses the subject of the psychology of trading, the mental discipline that is needed in order to be a successful trader.
From this book you will learn why and how your emotions affect your trading career and how you can control your emotions.
Most traders will agree with me that trading is as much about psychology as it is about a good strategy. Without the disciple and patience, even the best trading strategy in the world won’t make you a constant profitable trader. This is a must read for anyone who is struggling to maintain consistency in the market. So, make sure you get yourself a copy.
#2. Price action for swing traders: a complete guide to price action.
Author: A. Leonard
I’m obviously biased since I wrote this trading guide. This is the first book I wrote that teaches you the essentials of Price Action Trading. This book is very easy to read and it gets straight to the point, unlike other technical analysis books I’ve come across.
The idea behind it is to simplify the price action. If you are looking for some of the best price action strategies or If you’re not familiar with price action trading but interested in it then this book will open a whole new world to you because this book focuses solely on price action trading also if you have been trading for years without success then the private room is most definitely a must for you.
I encourage anyone trying to reach the next step in their trading to read this book, it’s the most practical book you’ll ever read.
Price: unfortunately this book is not for sale and you won’t find it anywhere but here on this website. It is only available to traders who join my private room.
#1. The Market Wizards
Author: Jack Schwager
This book is by far one of the most popular books in the financial market and the most recommended book by proffetional traders . This book is a collect of interviews of some of the most successful and famous traders. Traders like Paul Tudor Jones, Ed Seykota, Richard Dennis, Bruce Kovner, etc… Schwager has interviewed them all.
Some of the interviews share how a trader who, after wiping out several times early in his career, turned $30,000 into $80 million, the hedge fund manager who’s averaged 30% returns every year for the past twenty-one years and a trader who turned $25,000 into $2 billion.
I highly recommend this book to anyone interested in trading. Both novice and experienced traders.
If you are serious about forex trading or in any financial market, reading books is one of the best way to go about learning how to trade the financial market. So, Do yourself a favour and go get these 5 books. While reading these books isn’t guaranteed to make you a successful trader, it can help you speed up your learning process.
Before you leave, I want to encourage you to join me and other retail traders in the private room. The private room is created for both new and advanced traders who are interested in pure price action, traders who are using the same price action trading strategies and help each other to build a winning approach to archive the common goal of becoming professional retail traders. Click here for more information about the private room.
Have you read any of the books I have mentioned above? If you have, what have you learned? Let’s have a chart in the comment section.